Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

Property and equipment, at cost, consist of the following:

 

   

March 31, 

2019  

   December 31,
2018  
Storage equipment   $ 756,236     $ 756,236  
Website and software     533,418       533,418  
Furniture and fixtures     25,975       25,975  
Leasehold Improvements     16,846       13,104  
Computer hardware and software     1,216,206       1,211,658  
Data Center Equipment     4,265,484       2,753,320  
      6,814,165       5,293,711  
Less: Accumulated depreciation     4,180,810       4,005,338  
Net property and equipment   $ 2,633,355     $ 1,288,373  

 

Depreciation expense for the three months ended March 31, 2019 and 2018 was $175,472 and $110,772, respectively.